Southern California home prices increased 24.7% year-over -year in May – Real estate data company DQNews (formerly CoreLogic/DataQuick) reported that May existing home sales in their six county Southern California region Jumped over 100% from the number of sales last May. That surge is mostly related to a near stoppage in sales last May at the start of the pandemic. The median price jumped 24.7% in the six county region. That marked the highest year-over-year increase in the median price ever. The county by county numbers were as follows: Los Angeles County recorded a 25% increase in the median price. Orange County recorded a 19.3% increase in the median price. San Bernardino County recorded a 16.8% increase in the median price. Riverside County recorded a 22.5% increase in the median price. Ventura County recorded a 20.9% increase in the median price. San Diego County recorded a 22.9% increase in the median price.
